Editor’s Letter

JULY | AUGUST 2016

UK Government ministers’ talk of potentially repatriating some new EU migrants is empty rhetoric for now as ‘Freedom of Movement’ applies, as does all EU law – until and unless the UK formally exits (likely at least two years ahead). But the Government’s policy on non-EU migrants may reveal some clues about aims for any new immigration policy. With some exceptions, non-EU migrants must earn over £35,000 to remain in the UK after five years. As fresh-faced finance industry graduate trainees in London earn above that threshold, financial firms perhaps need not fret that they will lose staff. But if freedom of movement remains an inalienable right, and obligation, of EU (or EEA) membership, they could lose automatic access to the Single Market.

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